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China Coal Prices at Three-Year High With Little Relief in Sight

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China Coal Prices at Three-Year High With Little Relief in Sight China’s thermal coal prices climbed to a three-year high as sluggish domestic production growth and disruptions in top exporter Indonesia coincide with an energy rally driven by the US-Iran war. The benchmark power-station coal price hit 1,004 yuan ($150) a ton on Monday, according to the China Coal Transportation and Distribution Association, the first time it’s been at four figures in two years. Prices have risen by a quarter...

China Coal Prices at Three-Year High With Little Relief in Sight China’s thermal coal prices climbed to a three-year high as sluggish domestic production growth and disruptions in top exporter Indonesia coincide with an energy rally driven by the US-Iran war. The benchmark power-station coal price hit 1,004 yuan ($150) a ton on Monday, according to the China Coal Transportation and Distribution Association, the first time it’s been at four figures in two years. Prices have risen by a quarter since mid-July
China Coal Prices (ORG) China (LOCATION) Indonesia (LOCATION) US (LOCATION) the China Coal Transportation and Distribution Association (ORG)
Originally published by Bloomberg Markets Read original →